Russia’s Financial Markets in July 2013

Abstract

The MICEX index grew up by 4.9% in the period between July 1 thru 25 basically in response to Gazprom stock price rise by 20.37%. Stock market capitalization in that period increased by 4% or Rb 941bn to account for 37.6% of GDP as of July 25. In July 2013, the domes?? c corporate bond market was also governed by op?? mis?? c expectations. Almost all key market indicators saw an uptrend: market volume, corporate bond market index, average weighted yield (especially in the industrial segment), issuers’ activity. The situation with issuers’ obligations to bondholders remains stable.